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Stand:updated on 01.02.2020 Brexit: FAQs for Asset Management Companies and Investment Funds

Here you will find answers to questions frequently asked by Asset Management Companies and Investment Funds on the United Kingdom’s departure from the EU.

Will it be possible for German asset management companies to continue outsourcing the tasks of portfolio management and risk management to UK companies after Brexit?

Yes, as BaFin and the British Financial Conduct Authority (FCA) have concluded a multilateral Memorandum of Understanding it will be possible to continue outsourcing the portfolio management and the risk management in accordance with section 36 of the German Investment Code (Kapitalanlagegesetzbuch – KAGB). Additionally, the UK company has to be authorised to provide the respective financial services.

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